Not everyone is convinced that this year we would see record-breaking home prices. However, this year isn’t really that bad when you come to think of it. According to industry experts, it’s a lot better to sell your home this year than in 2020. Your real estate agent would likely advise you the same. Statistics for the next year and the year after that are a bit murky and there isn’t any solid data that points towards a solid price growth. That’s one of the reasons why you should consider making that last-minute move and sell while there’s still time. Here are some other reasons why you should put your house in the market now:
Get in touch with your listing agent now to quickly put up your home on the market
In the second half of 2018, home prices slowed down. The slump was partially caused by the rising interest rates set forth by the Federal Reserve. This year, home prices had significant progress. Prices weren’t as high as before but it’s a huge improvement over last year. That’s another reason that you would want to sell now. Home prices are relatively on the high side. Waiting another year or so would only buy you time but no guarantee that during which home prices would be higher.
New buyers are still coming in
Despite the sluggish growth on home prices, a lot of new buyers are still entering the market. Selling now is still a practical option. Asking your listing agent to put your home on the market will prove to be a wise decision. According to a survey 2000 U.S. residents done in the early part of this year, almost a quarter of the respondents said they would consider buying a home in 2019. That’s still a significant number considering the fact that home prices aren’t close to their prime a few years back.
Interest rates are still on the low side
Despites interest rates rising last year, it’s highly unlikely that we will see a spike this year. That ultimately means that interest rates will be at a standstill which means buyers might see it as an opportunity to buy a home. Again, interest rates in 2020 are still unknown. That factor alone could boost the number of home buyers which adds to the confidence of people planning to sell their home. Of course, none of this would be possible if you don’t have a trusty Myrtle Beach real estate agent at your side.
Selling in 2019 is still better than in 2020
What are the odds of home prices picking up in 2020? There’s little speculation that home prices would see steady growth next year or if any at all. Given this lack of enthusiasm from the market, sellers are stuck in the middle. However, if you don’t want to deal with uncertainty and miss out on your future endeavors, it’s best to sell your home now. Invest in a reliable realtor like Full Potential Real Estate, LLC. A good realtor would give you better chances at selling your home especially during crucial periods of the year.
Ask help from our reliable buying agent at Full Potential Real Estate, LLC.
Full Potential Real Estate, LLC
Myrtle Beach, SC 29577